Dec gained 80 points to settle at 64.47 as the market threatens to break from its consolidation phase. The settlement was very near the top of today’s 129 point trading range.
The standard technical bias for the front month is now somewhat bullish; Dec again managed a settlement just above its 50-day SMA, as well as its 5-, 10- and 20-day SMAs.
For tomorrow…
Dec corn gained 10 cents to settle at 363. Volume quickened while OI contracted D/D. DCE-traded corn futures in China settled mostly lower.
For tomorrow…
Jan soybeans gained 29½ cents to settle at 1112¾. Jan settled very near the top of its daily trading range. Volume quickened while OI expanded D/D. DCE-traded soybeans in China settled mostly lower.
For tomorrow…
Dec gave back 14 points to settle at 63.67 as the market continues to consolidate. Gaps remain above the market at 67.88 – 68.00 and 77.80 – 78.00. The settlement was within the lower one half of today’s tight 96 point trading range.
For tomorrow…
Dec gave back 14 points to settle at 63.67 as the market continues to consolidate.
The settlement was within the lower one half of today’s tight 96 point trading range.
The standard technical bias for the front month remains neutral; Dec again managed a settlement above its 5-, 10- and 20-day SMA periods.
For tomorrow…
